Canacol Energy Ltd. Provides Drilling and Production Update From Its Rancho Hermoso Field in Colombia

Canacol Energy Ltd. (TSX:CNE) updated on the operational program at its Rancho Hermoso Field in the Llanos Basin of Colombia.

As quoted in the press release:

The Rancho Hermoso 12 (“RH 12″) well has been placed on permanent production from the Los Cuervos-Barco reservoir, which is producing at a stabilized gross rate of approximately 14,790 barrels of oil per day (“bopd”) (3,697 bopd net to Canacol). The RH 12 well encountered 130 feet (“ft”) of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos-Barco, Guadalupe, and Ubaque.

Click here to read the Canacol Energy Ltd. (TSX:CNE) press release